Sri Lanka: Grain and Feed Annual

In MY 2020/21 Sri Lanka expects a healthy rice paddy harvest with a forecast of 4.4 million metric tons. The MY 2019/20 harvest would surpass the national target for self-sufficiency. Shifting of some paddy lands for cultivation of other field crop types will lower the MY 2019/20 rice crop to 4.1 million metric tons. Imports and exports will drop for both the marketing year and the out year as trade policies tighten in response to the pandemic. Wheat imports in the MY 2019/20 are down on tightened global trade and a depreciating Sri Lankan rupee. Both consumption and exports are down in MY 2019/ 20 but will recover in 2020/21. Though imports have slowed, stocks will rise slightly on even slower exports and reduced consumption; stocks will rise slightly again next year as imports resume.

Sri Lanka: Grain and Feed Annual